Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer

Coin Telegraph LogoCoin Telegraph1 mo ago

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer

Quick Summary AI Powered

Crypto Jebb and independent market analyst Scott Melker agree that the crypto market’s toughest days still lay ahead.

Traders are primarily focused on Bitcoin's spot price and lamenting the fact that it is not performing as the inflation hedge that many promised it would be, but Melker pointed out that its performance largely depends on the country and economic state of where an individual lives.

Novice investors are clearly nervous and a few have predicted the demise of the burgeoning asset class, but for those that have been around for multiple cycles, this new bear market is just another forest clearing fire that will eventually lead to a healthier ecosystem.

More Pictures


Article Details

Author / Journalist: Cointelegraph By Jordan Finneseth

Category: Crypto

Topics: Bitcoin Price Markets Bitcoin Regulation Cryptocurrencies Inflation Hyperinflation BTC Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 21:13:53

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 745 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 25934

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website:

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.